Mosler's Law: There is no financial crisis so deep that a sufficiently large tax cut or increase in public spending cannot deal with it

Daily Archives: November 17, 2010 @ 12:46 pm (Wednesday)

So I’ve been asked what I’d do to get Ireland past this latest funding crisis. Answer: I’d announce that in the case of default new Irish govt debt is freely transferable and can be used for the payment of taxes … Continue reading →

Believe it or not I’m still getting a lot of questions about how QE works, so I’ve reorganized the discussion some: First, recognize that, in fact, reserves, functionally, are nothing more than 1 day t bills. And, for all practical … Continue reading →

So it was buy the rumor, buy the news, then watch it all fall apart a few days later. QE was a major international event, with the word being that the ‘money printing’ would not only take down the dollar, … Continue reading →